The levy body was looking to get more businesses encourage more businesses to explore export possibilities
Romania and Ukraine will be major players on the international stage, as both countries report decent quality and better than average yields.
UK yields will determine whether the price needs to reflect the need to import significant quantities of third country supplies
Analyst SovEcon is upbeat in its predictions for Ukraine wheat in 2021/22. Its latest wheat production estimate is now at 28.6 million tonnes, which will be a new record if realised.
The bulk of the weekly price gains are related to positive offshore developments, as markets look to potential weather issues in the Americas.
Crop condition across Europe and the Black Sea will be a key focus as crops enter key production phases.
South American weather and its potential impact on corn production from Argentina and Brazil remains a key market factor in the near term.
The next 5-6 weeks will be key to see whether farmers push the seed drill onto every available hectare.
Grain and oilseed analysts were watching Brazil to see the impact of wet weather on soybean harvesting and corn plantings.
Of mounting concern is Argentina’s crop conditions, with the forecast for the next week or so looking to remain dry.
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